Mutual of America Capital Management LLC Sells 5,356 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Mutual of America Capital Management LLC cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,629 shares of the financial services provider’s stock after selling 5,356 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Carlyle Group were worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Edgestream Partners L.P. grew its stake in shares of The Carlyle Group by 297.1% in the second quarter. Edgestream Partners L.P. now owns 159,596 shares of the financial services provider’s stock worth $6,408,000 after purchasing an additional 119,402 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of The Carlyle Group by 20.0% in the second quarter. Moors & Cabot Inc. now owns 7,653 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 1,275 shares during the last quarter. Quantbot Technologies LP bought a new stake in The Carlyle Group during the 2nd quarter valued at approximately $6,231,000. Dimensional Fund Advisors LP boosted its position in The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock valued at $90,999,000 after acquiring an additional 137,541 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in The Carlyle Group by 17,468.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after acquiring an additional 1,705,982 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 73,713 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $34.34, for a total transaction of $2,531,304.42. Following the completion of the sale, the insider now directly owns 11,766,022 shares in the company, valued at approximately $404,045,195.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders sold 1,902,466 shares of company stock worth $69,552,560. Insiders own 27.20% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $43.68 on Friday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The firm has a market cap of $15.72 billion, a P/E ratio of -24.40, a PEG ratio of 1.13 and a beta of 1.73. The company has a 50 day moving average of $41.97 and a 200 day moving average of $42.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The Carlyle Group’s quarterly revenue was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. As a group, research analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Analysts Set New Price Targets

CG has been the topic of several research reports. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, August 6th. Barclays cut their price objective on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Oppenheimer lowered their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company began coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 target price for the company. Finally, TD Cowen lifted their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $45.81.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.